Preferential Rate under US-Myanmar Trade Agreement
0%
Applicable to specific US exporters with certification of origin and compliance with bilateral trade agreements
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Imposes New Sanctions on Myanmar, Affecting Machinery Trade
The United States has introduced sanctions targeting specific sectors in Myanmar due to ongoing political unrest, impacting the export of machinery, including machines for uses ancillary to printing (HS Code: 8443.99).
2023-10-15
Impact: These sanctions are likely to reduce trade volumes between the U.S. and Myanmar for printing-related machinery, as export restrictions tighten.
Myanmar's government has imposed stricter import controls on non-essential goods, including certain industrial machinery, to conserve foreign exchange reserves.
2023-09-20
Impact: This policy may limit the import of U.S.-made machines for uses ancillary to printing, potentially decreasing bilateral trade in this category.
U.S. Trade Review Highlights Concerns Over Myanmar Supply Chains
A recent U.S. trade review has flagged concerns over supply chain ethics in Myanmar, prompting calls for stricter oversight on exports of industrial equipment, including printing machinery.
2023-08-05
Impact: Increased scrutiny could lead to delays or reductions in trade of ancillary printing machines between the two countries.
Policy Updates
U.S. Department of Commerce Updates Export Controls for Myanmar
The U.S. Department of Commerce has updated export controls under the Export Administration Regulations (EAR), placing additional licensing requirements on certain machinery exports to Myanmar, including those under HS Code 8443.99.
Date: 2023-10-10
Myanmar Introduces New Import Licensing Requirements
Myanmar's Ministry of Commerce has implemented new licensing requirements for importing industrial machinery, aiming to prioritize essential goods and manage foreign currency outflows.
